In a poll carried out by Harris Interactive and State Farm Insurance, 57% of teens surveyed admitted that they sometimes send text messages while driving. Surprisingly, in the same survey, 63% of teens said that texting and driving is likely to cause an accident, while 83% agreed that drinking and driving is likely to cause an accident.
Insurance News
Protecting your vehicle from arson, theft and malicious damage
With the riots and disorder that has taken place in major cities across England in the past month, you might have experienced damage to your own property or vehicle.
Even if you were fortunate enough to escape it, the events have highlighted the importance of taking as many precautions as possible to stop your car becoming a target for vandalism and arson. Here are some tips on keeping your motor as safe as possible.
Following the riots in London and other cities, many car insurance companies have stated that cars which have suffered from arson or criminal damage would be covered. However, this is still dependent on the level of insurance that you have.
What Private Medical Insurance Can Do For You
Would you like to have medical insurance once and for all? Many people just like you wish they could get medical insurance but they just don’t know how and that is what I want to help you with. The problem that a lot of people have is they have not been informed of what is out there for them. If you are like most people in the United Kingdom then you don’t realize that there is something called private health coverage and it will take care of you in times of need.
The nice thing about getting private health coverage is that you can what you want covered in that policy. If you are always worried about your teeth and your eyes then I would recommend getting medical insurance along with vision and dental insurance. The Full post…
Motor insurers must tackle affordability for young drivers, warns Defaqto
Financial research company Defaqto is urging car insurance providers to introduce and encourage measures that will bring down young driver car insurance premiums.
The independent researcher has published a white paper explaining how motor insurers can control risk in the young driver market, and exploring whether the next step could be preventing insurers from structuring their prices around age.
The paper advises motor insurers to support early education schemes that promote safe driving practices among the next generation of motorists and initiatives designed to improve intelligence gathering on young driver habits using telematic technology.
It also urges insurers to address the issue of fronting (when a parent insures a childs car in their own name but adds their child the real main driver to the policy to keep costs down) during the risk-gathering process to prevent fraudulent claims.
Mike Powell, Defaqtos insight analyst for general insurance, comments: If premiums continue to increase within the young driver segment of the motor insurance market, we could see regulatory intervention to control price.
However, removing age as an underwriting factor would have a major impact on the pricing and underwriting capability of all motor insurers.
To take advantage of the opportunities offered by the already challenging young driver market, insurers need to find a solution to the affordability issue while ensuring they do not take excessive risk onto their books.
What is Convertible Term Life Insurance? Who needs it?
Term life insurance is the cheapest type of life insurance. It is very simple to understand but has the same quality in providing financial security to your beneficiary in case of unfortunate event. Now, there are several types of term life insurance but one of the most highly recommended one is the convertible term life insurance. A lot of people who purchase term life insurance only purchase them because they were starting out with their family or their jobs and they couldn’t afford to buy permanent life insurance. Convertible term life insurance is the best option for such situation. We all know that term life insurance premium increases overtime because of the inflation. S Full post…
How to Get an Inexpensive Renters Indemnity
Getting affordable renters cover is a priority for most insurance clients. With many companies offering the tenants indemnity currently, the prices have gone down tremendously with some companies offering their packages for as low as 20 dollars. Nonetheless, one may still be able to reduce the price of their indemnity by quite a margin. By following a few steps
One of the things that insurance companies take into consideration when pricing their covers is the location of the apartment the tenant is living in. what they look for is the security of the place and the safety measure put in place. These safety tools may include fire alarms, burglary alarms firefighting equipment among other things. Full post…
Defaqto data shows demand for uninsured driver protection
Analysis from independent financial research company Defaqto shows that 17% of comprehensive car insurance policies will protect a policyholders no-claims discount or apply an excess if they are involved in an accident caused by an uninsured driver. This figure has increased from 13% of policies in 2009.
The survey showed that protection against uninsured drivers is the most highly valued feature of car insurance policies.
Not having excesses applied if the driver is involved in an accident caused by an uninsured driver was the feature that people regarded as the second most valuable asset.
Mike Powell, Defaqtos insight analyst for general insurance, said: Our research has found that a growing number of motor insurance policies offer enhanced protection for accidents caused by uninsured drivers.
However, it is also true to say that a relatively limited proportion of policies offer this feature, and most apply fairly stringent criteria when it comes to making a claim under this area of cover.
As always, people should seek to match what they need from car insurance with the features that different policies provide when comparing whats available on the market.
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